Wednesday, December 17, 2008

Would you buy terrorist insurance?

Insurance companies in India have recently begun offering "terrorist insurance". They're offering a cover of 5 lacs for a premium of Rs. 100 if you were to die in a terrorist attack in the next year. That's 1 in 5000 odds that you will die in a terrorist attack.

The Times of India (17th December 2008) reports that even in 2008, on average 2 people have died per day in terror related incidents.

On the other hand, The Hindu reported in 2007 that there are about 20,000 deaths due to rabies every year in India. Maybe we should buy rabies insurance instead. Oh and by the way, apparently there are laws in India against killing stray dogs. Sheesh!